Ultrapetrol Files for $175m IPO

Wednesday, September 27, 2006
According to the AP, shipping company Ultrapetrol (Bahamas) Ltd. plans to offer 12.5m shares at $13 to $15 each in a bid to raise about $175 million in its initial public offering. The company is the largest owner and operator of river barges and pushboats that transport dry bulk and liquid cargos through the Hidrovia region of South America, a network of waterways that connect Brazil, Bolivia, Uruguay, Paraguay and Argentina.

The Bahamas-based company runs an offshore supply business, operates six oceangoing vessels and runs two cruise ships with a total capacity of 1,600 passengers. The company filed its IPO on March 30 but details of the offering were not available. In 2005, the company earned $14.6 million on revenue of $125.4 million, up from $5.1 million on revenue of $95.2 million in 2004. Source: AP

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Greece Port Operations Update

An update on Greece’s port operations and local conditions was issued today by maritime services provider Inchcape Shipping Services (ISS).   According to ISS,

Container Shipping Lucky to Break Even in 2015

A toxic mixture of overcapacity, weak demand and aggressive commercial pricing is threatening liner shipping industry profitability for the rest of 2015, according

Dry Bulk Market Crisis: Opportunity or Threat?

The shipping industry is experiencing the biggest dry bulk market recession since the 1980s, as uncertain global economic outlook and increased imbalance between

News

Tunisia Reassures Yachters Following Terror Attack

A week after a terrorist attack in Tunisia, local superyacht businesses are reassuring yachters that security has been increased at Tunisian ports despite numerous cancellations.

Shell's Icebreaker Vessel Damaged in Alaska

Royal Dutch Shell Plc's  icebreaker vessel Fennica returned to the Dutch Harbor in Alaska with a small breech in the hull, raising concerns about the company's

Djibouti Training Center Build on Pace

The construction of the Djibouti Regional Training Centre (DRTC) in Doraleh, Djibouti is moving forward in earnest, with a view to completion by the end of September 2015,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Offshore Oil Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1441 sec (7 req/sec)